Libor probe investigators have contacted 22 people October 21, 2013 THE SERIOUS Fraud Office is in touch with 22 people as part of the investigation into Libor-rigging, a court heard yesterday. The watchdog wrote to the individuals last month, following Tom Hayes’ arrest last December. The former UBS and Citigroup trader appeared at Southwark Crown Court yesterday alongside James Gilmour and Terry Farr, both former [...]
US joins UK in probing foreign exchange trades October 13, 2013 THE US is set to join Britain’s regulators in investigating possible market manipulation in foreign exchange, it emerged yesterday. The inquiry is the latest in a series of markets to be investigated, in a round of probes that kicked off with the Libor investigations. Those probes, which are still ongoing, have found three banks so [...]
Capita in running for tagging deal August 20, 2013 Capita and Telefonica are among the preferred bidders for the Ministry of Justice’s criminal tagging contract, which is currently run by Serco and G4S, the MoJ said yesterday. Astrium and British firm Buddi are also set to supply the new kit, which will track offenders using satellite technology on ankle tags.
Serco shares hit by fraud claims as probe looms August 29, 2013 SERCO had its worst trading day in 11 years yesterday after allegations it fudged performance figures on a £285m contract to deliver prisoners to courts across London. The Hampshire based business, which was awarded the contract by the Ministry of Justice (MoJ) in 2011, has been placed on a three month probation to improve or [...]
Pictures: Westminster has gone to the dogs October 10, 2013 Take a paws from your day to have a look at these Westminster pooches. It's the day of the Westminster Dog of the Year competition (you can see the competitors here). In aid of promoting responsible dog ownership, Clarissa Bladiwn, chief executive of Dogs Trust says that the contest is more than just a beauty [...]
JP Morgan in lending probe August 7, 2013 JP MORGAN Chase, the biggest US bank by assets, said yesterday it is being investigated by civil and criminal divisions of the US Department of Justice over offerings of mortgage-backed securities. The civil division gave the company a notice in May that it had preliminarily concluded that the firm violated federal securities laws in offerings [...]
Exclusive: TV licence offences responsible for a tenth of all UK court cases | City A.M. August 21, 2013 TV LICENSING offences now account for more than a tenth of all criminal prosecutions in the UK, City A.M. can reveal. More than 180,000 people – almost 3,500 a week – appeared in front of magistrates during 2012 after being accused of watching TV without paying the £145.50 fee. Magistrates handled a total of 1.48m cases last year, meaning [...]
Exclusive: TV licence offences responsible for a tenth of all UK court cases August 20, 2013 TV LICENSING offences now account for more than a tenth of all criminal prosecutions in the UK, City A.M. can reveal. More than 180,000 people – almost 3,500 a week – appeared in front of magistrates during 2012 after being accused of watching TV without paying the £145.50 fee. Magistrates handled a total of 1.48m cases last year, meaning [...]
HMRC catches just two of 20 most wanted tax evaders in a year of searching August 9, 2013 HM Revenue & Customs has published the names and photographs of the most wanted tax-dodgers in the UK. Ten new names have been added to the list this year (above), although just two of the original 20 (below) have been caught and one prosecuted. The tax authority published the data on its Flickr page. The [...]
Bonuses under threat as Icap is fined over Libor September 25, 2013 LONDON-BASED interdealer broker ICAP was yesterday fined £54m by US and UK regulators after 10 of its staff were involved in attempts to fiddle yen Libor from 2006 to 2011. The bill is expected in part to be paid by staff who will face a much lower bonus pool this year as a result. Three [...]